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Stock Update (NYSE:KMI): Kinder Morgan Generates More Than $1.2 Billion of Distributable Cash Flow for First Quarter 2016

[Business Wire] – Kinder Morgan, Inc. today announced that its board of directors approved a quarterly cash dividend of $0.125 payable on May 16, 2016, to shareholders of record as of the close of business on May 2, 2016. Read more on this. Kinder Morgan, Inc. (KMI) , valued at $42.40B, opened at $19.01. Looking at the stock, its one day range is $18.67 to $19.33 with a one year range of $11.20 to $44.71. KMI shares are currently priced at 26.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -1.51x earnings multiple. And for dividend hunters, the company pays shareholders $0.50 per share annually in dividends, yielding 2.75%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.19 per share, which would be $0.05 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $0.71 which would be a $0.01 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.74 Billion. If reported, that would be a 3.89% increase over the year-ago quarter. In terms of ratings, Credit Suisse downgraded KMI from Outperform to Neutral (Mar 17, 2016). Previously, Stifel upgraded KMI from Hold to Buy. The average price target for KMI shares by the analysts covering the stock is $20.78, which is 9.31% above where the stock opened this morning. See more in (NYSE:KMI) Similar Articles: Market Update: Kinder Morgan Inc (NYSE:KMI) – Kinder Morgan Closes Previously Announced Acquisition of 15 Terminals and Infrastructure from BP Products North America Stock Update: Kinder Morgan Inc (NYSE:KMI) – KINDER MORGAN 2016 Analyst Conference Company Update (NYSE:KMI): Kinder Morgan Generates $4.7 Billion of Distributable Cash Flow for 2015
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